CDRL plans IPO

CDRL, the owner of children’s clothing brand Cocodrillo, plans to debut on the main market of the Warsaw Stock Exchange before the end of this year, the company said in a statement on Tuesday. Its issue prospectus has just been approved by the Financial Supervision Authority. The public offering will generate proceeds for the company’s further development, the statement said. The WSE debut is also meant to enhance the firm’s position on the children’s clothing market. CDRL’s corporate bonds have been listed on the WSE’s Catalyst market since 2011.